04/02/2019-4A-Minutes-Regular
MINUTES: 4A Sanger Industrial Development Corporation
April 2nd, 2019
MEMBERS
PRESENT: Elizabeth Springer, Fred Yeatts, Dennis Dillon, and Victor Gann
MEMBERS
ABSENT: Don Gillum
OTHERS
PRESENT: Director of Economic and Community Development Shani Bradshaw, Permit
Technician Stefani Dodson
1. Call Meeting to Order
1:09 PM
2. Executive Session: Closed Meeting
Pursuant to the Open Meetings Act, Chapter 551, the Sanger Industrial
Development Corporation Board Will Meet in a Closed Executive Session in
Accordance with the Texas Government Code:
Section 551.072 -Deliberations Regarding Real Property (103 Bolivar St.)
Executive Session 1:10 PM
3. Reconvene: Open Meeting Any Action Taken
Returned 2:13 PM
4A board would like to schedule a time to do a walkthrough of the building. They would like to
assess the maintenance that will be needed.
Yeatts made a motion to pay of the note to the warehouse at 103 Bolivar. The balance is
$284,609.31 at a 4.6% interest.
Dillon seconded the motion. Motion passes unanimously.
Yeatts made a motion to hold off on the sale of the property until after the Comp Plan is done.
Dillon seconded the motion. Motion passes unanimously.
4. Election of Officers
Yeatts made a motion to have
Don Gillum – President
Elizabeth Springer – Vice President
Fred Yeatts – Secretary
Gann seconded the motion. Motion passes unanimously.
5. Consider and Act on Adding Shani Bradshaw, Director of Economic
Development, as a Registered Agent for the 4A Sanger Industrial
Development Corporation
Dillon makes a motion to accept Shani as a Registered Agent.
Yeatts seconded the motion. Motion passes unanimously.
6. Approval of the 4A Minutes for the October 23, 2018 Meeting
Yeatts made a motion to accept minutes.
Gann seconded motion. Motion passes unanimously.
7. Review Financials
Shani speaks briefly over the financials and explains that the only thing really different it the
Marketing account.
8. Input From Citizens
No Citizens
9. Adjourn
2:21 PM